It’s true, we are working longer and living longer so getting your retirement right is becoming even more important. The key thing here is to understand how you are tracking and what options are available to you. Your adviser will be able to show you this by putting together a financial model that outlines your progress year by year and then present options to help guide you to your goals. Your retirement can be pretty much how you choose it to be but it doesn’t happen overnight and the sooner you get started the easier it will be to meet your objectives. According to the ASFA Retirement Standard for the March quarter 2016 published by the Association of Superannuation Funds of Australia (ASFA) in order to have a ‘comfortable’ retirement, an income goal of $42,893 is required for singles and $58,922 for couples.
Have you considered:
- Setting out clear and defined goals?
- Sat down with a financial adviser to understand your options?
- Mapped out a timeline with so that you have something to stick to?
- Made sure that you have a backup plan should things not happen the way they are supposed to?
- Working out the costs of your retirement?
Speak to us today and we can help you put together your plan to help you achieve this and many of your other goals.
Let us know how we can help